TSX:REI.UN - Post by User
Post by
thenewsnakeon Jan 03, 2021 2:10pm
142 Views
Post# 32211862
$28 stock
$28 stock
With 0% interest rates, if we were not in any pandemic, this would easily be 25% higher so let's say $35. $35 is a 0% interest rate SP for riocan. Now the pandemic is giving it a 50% off price. So yeah, I would say the pandemic and future pain is well baked into the stock.
Remember, the economy can't recover until REAL ESTATE recovers. It fuels jobs, and the economy. Always has.